SYSCO CORP (SYY) Technical Analysis
NYSE:SYY • US8718291078
Taking everything into account, SYY scores 6 out of 10 in our technical rating. In the last year, SYY was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month SYY has a been trading in the 82.76 - 91.84 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, SYY did better than 75% of all other stocks.
- SYY is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SYY is lagging the market slightly.
- SYY has an average volume of 3885750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- SYY is part of the Consumer Staples Distribution & Retail industry. There are 38 other stocks in this industry, SYY did better than 62% of them.
SYY has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
69.05
We found 3 important support areas.
- Support @73.97 from a horizontal line in the daily time frame.
- A support zone ranging from 72.12 to 72.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @69.75 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 90.56 to 91.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SYY is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SYY is down. |
| ChartMill Relative Strength | 75.06 | POSITIVE | SYY has a high relative strength, it outperformed 75.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SYY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SYY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SYY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.87 | NEUTRAL | The RSI value for SYY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.07 | NEGATIVE | The MACD value suggests SYY has a negative trend. |
| Stochastics (14,3) | 18.52 | OVERSOLD | The low Stochastics value suggests SYY may be oversold. |
| Average True Range in percent/ATR (20) | 2.32 | MEDIUM VOLATILITY | The ATR as a percentage value for SYY suggests some volalility. |
| Average Directional Index/ADX (14) | 40.56 | POSITIVE | The high ADX value value for SYY suggests a strong trend. |
SYY Technicals: Chart, Performance Metrics, Trend & Indicators
84.29
-0.41 (-0.48%)
SYSCO CORP / SYY FAQ
What is the ChartMill technical rating of SYSCO CORP (SYY) stock?
ChartMill assigns a technical rating of 6 / 10 to SYY.
What is the current trend direction of SYSCO CORP (SYY) stock?
The current trend direction for SYSCO CORP (SYY) is Bullish.
What is the RSI signal for SYY stock?
SYSCO CORP (SYY) has an RSI value of 41.8698. This indicates that the stock is currently neutral.
What is the MACD signal for SYSCO CORP (SYY) stock?
The MACD indicator for SYSCO CORP (SYY) has a value of -1.07161, indicating a bearish trend.
What is the buy/sell signal for SYY stock?
The buy/sell signal for SYSCO CORP (SYY) is hold as the short term and long term trends are mixed.